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finishing in the green. some records also hit today, honeywe honeywell, united technology, and travelers hitting all-time highs. and cliffs natural resources, we have seen general weakness in iron/ore pricing over the past week or so, when iron ore gets low, it can mean rough sledding for cliffs. also, electronic arts getting hit today. it was your worst performer in the s&p. the company expects revenue and earnings per share at the current quarter to be at the low end of or slightly below its year end forecast. harley davidson, no easy ride today for hog. retail sales for january and february may have been down 4% to 5% 7. and adobe systems just out with earnings, beat on the top and bottom line. that stock spiking in the after-hours. back to you guys, maria. >> thank you so much, josh. and as you just mentioned, adobe up better than 5% after report earnings that beat expectations. take a look at the chart. right after the break, we will take you live to adobe headquarters in san jose, dig into the numbers with an exclusive interview with adobe's ceo. >>> later on, the nfl looking for a
and using alternatives. . so they are looking for technologies like this. you can read more about this and all of the technologies facing texas right now with the drought on cnbc.com. pl maria? >> many allowing for more shale gas exploration and fracking are very critical to the economy growing in this country. two huge energy ceos told me as much as this just a month ago on the "closing bell". >> well, it's tremendous. it's a renaissance for our country, certainly for our industry, and for our company as well at conocophillips. >> there's an opportunity to generate a couple of trillion of dollars in tax revenue over the next 20 years. there's opportunity to generate millions of additional jobs. >> well, believe it or not, joining us right now is former nfl quarterback drew bledsoe. he's an investor in a company called ecosphere, which is making a big bet on fracking, and more specifically, drew, it's about the cleaning of the water that's used in the fracking process. it's an environmentally clean process, which has a lot of people worried about the impact fracking has on the env
than ever, could qlik technology's connections to social and mobile put you in touch with a winner or is oracle's miss a sign to stay away? cramer talks to the ceo next. >>> later -- chief choice? some high-profile companies have recently had big changes at the top. from the golden arches to the king of club retailers. but are these blue chip shares still strong with new leadership at the helm? cramer's looking inside the executive suite to find out. all coming up on "mad money". >> don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail at cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. [singing] hoveround takes me where i wanna go... where will it send me... one call to hoveround and you'll be singing too! pick up the phone and call hoveround, the premier power chair. hoveround makes it easier than any other power chair. hoveround is more maneuverable to get you through the tightest doors and hallways. more reliable. hoveround employees build your chair, deliver your ch
up 25 points, technology, one of the leadership groups today with a gain on the nasdaq at 3,254. and the s&p tonight up 10.5 points, sitting at 1,558, just a few points from an all-time closing high. let's get straight to the markets. we've got cnbc.com's jeff dotts, cnbc contributor ron insana, and our own rick santelli. good to see everybody. thank you for joining us. >> good afternoon, maria. >> i want to continue my conversation with rich peterson that i was just having in the break, that earnings growth. i know you've got all the stats that we want. first quarter earnings growth expected at up 0.6%, under 1% for the first quarter, earnings growth. second quarter? >> about 7.1%. we celebrate to 9% in the third quarter, according to the s&p capital iq statistics. and by the french quarter ourth this year, looking for a double-digit percentage. i see jeff shaking his heads. >> i have no idea where those numbers come from. we got those same numbers that we were supposed to see a 10% increase in the fourth quarter, 11% increase in this quarter. we're obviously not going to s
than ever, click technology's connections to social and mobile put you in touch with a winner or is oracle's miss a sign to stay away? cramer talks to the ceo next. >>> later -- chief choice? some high-profile companies have recently had big changes at the top. from the golden arches to the king of club retailers. but are these blue chip shares still strong with new leadership at the helm? cramer's looking inside the executive suite to find out. all coming up on "mad money". >> don't miss a second of "mad money." follow @jim cramer on twitter. have a question? tweet cramer. hash tag mad tweets. send jim an e-mail at cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. ♪ ♪ [ male announcer ] help brazil reduce its overall reliance on foreign imports with the launch of the country's largest petrochemical operation. ♪ when emerson takes up the challenge, "it's never been done before" simply becomes consider it solved. emerson. ♪ it's not what you think. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching t
, caterpillar and home depot, some of the country's top companies rely on this technology titan, it is not apple and it's not google, but its cloud offerings could be your ticket to returns in 2013. stick around to see if it belongs in your portfolio. >>> and later, slick situation? cramer's been playing "mad money" oregopoly, and he just might have saved the best for last. the renaissance has lit a fire under the refiners, but which stands out above the crowd? all coming up on "mad money." have a question? tweet cramer hash tag mad tweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ makes it easy for anne to manage her finances when she's on the go. even when she's not goin
or some technology stocks? so very clearly what's happening is the investor is scared. >> all right. he threw a lot at you there, harry. let me do two words that come out of what nathan had to say that people are pointing to, to support this market down the road without a major selloff. those two words are federal reserve. how do you reconcile that? >> no, exactly. what i said. $2 trillion a year in stimulus. that's the only reason we're growing at a paltry 2%. that's a horrible equation. imagine what would happen if we did not have all this qe. the fed could do that for another ten years. we'd have a $30 trillion government debt. we'd have a $15 trillion balance sheet. if you want to bet on that, nathan, bet on that. i'm betting on 320 million people doing what people do as they age. they spend less money. the fed's going to only have to stimulate more and more. >> really. the american consumer is fabulous, harry. >> $2 trillion of stimulus, nathan. >> you could have a $2 trillion mortgage on your house if you can afford to pay the debt right now. you're not going to be going bankrupt
technology. we keep seeing that, although, look, maybe micron and the g-rams were good last week and someone makes that case. >> what happens is once somebody wins the bid what happens after that? how much of an ability will they have to leave the company to spend money with a deteriorating balance sheet and your hands are tied there. >> do people just need to put money to work and this company's for sale? >> michael dell has done a pretty terrific job of trying to turn around the company that is frankly, in the end, stuck with a business model that involves the personal computer at the heart of it. >> apollo is a huge gainer and we don't talk about it often unless herb's on the case and they did have 34 cents a share and the journal saying there appeared to be some positive thing goings around this much-maligned name. >> this was selling at two times ebitda. >> this was -- a lot of the smarter hedge funds that i do speak to were telling me you have to get bullish. are you kidding me? until i see the university of phoenix in the final four it ain't happening. >> the florida gulf coast would
the doctor ordered in startup nation, how technology could make your health care better and cheaper. each week, keep it right here "on the money." have a great week, everybody, i'll see you next weekend. he bre to the way they clean, once you try an oral-b deep sweep power brush, you'll never go back to a regular manual brush. its three cleaning zones with dynamic power bristles reach between teeth with more brush movements to remove up to 100% more plaque than a regular manual brush. and even 76% more plaque than sonicare flexcare in hard to reach areas. oral-b deep sweep 5000 power brush. >> maybe someone will come in here while we're talking and put handcuffs on me. i don't know. >> pattie dunn has been charged with four felonies. she's at the center of the hewlett-packard leak investigation story. >> i have a story to tell. i'm innocent. >> it's one of the biggest, fastest, most high-tech sailboats on the high seas... >> isn't she beautiful? >> ...a triumph of science, vision, money, and an abundance of ego. >> i just wanted the biggest boat. let's admit it. >> it's ego. what? i mean.
farmers the best of modern agricultural technology. but now he only teaches methods they can afford themselves after his projects end. howard's passion for farming started early. when he was just five, he turned the family backyard into a cornfield. his father was fast becoming a multimillionaire, but the family always lived modestly. did you know, as a kid, that you were rich? >> no, not at all. and the greatest story is my sister, who, when you had to go around the room in grade school and answer, "what does your father do?" and, you know, we knew him as a security analyst, and we had no idea what that really meant. and so she basically said, "well, he's a security guard." and that's what we thought for a long time. we just didn't know any differently, you know. >> as his father's fame and fortune grew, howard seemed to zig and zag on his own path, dropping out of three colleges, one after the next. you must have been worried. >> i wasn't. >> you weren't? >> no, i wasn't. he just was kind of finding what he wanted to do. and it made no difference to me whether he found it in a col
soft information technology sales. you mix them all up together and you get the absolute perfect environment for the fed reserve to stay stock market friendly. that's exactly what happened today. ben bernanke allowed the averages to power higher. dow gained 56 points. the s&p rising today, nasdaq jumping .78%. it's not sleight of hand or alchemy at work here, despite what critics say when they constantly slam the fed. >> boo! >> bernanke is not playing a game of move the stock market higher by simply continuing to keep the competition from bonds incredibly weak. he's got a real good reason for doing what he's doing, which is staying the course, keeping rates low. that reason? 1937. see, ben bernanke is a rigorous guy. he's a professor and a genuine scholar of american financial history. it's what he does best. he knows that in 1937 after three years of 12% economic growth that took unemployment from 25% down to 14%, the fed, the president, congress, declared victory over the great depression. ♪ hallelujah >> washington raised income taxes on the wealthy. >> boo! >> took the top
the coast of italy. >> isn't she beautiful? >> she's also a technological breakthrough. the masts stand 192 feet tall, weigh 25 tons each, and are made of carbon fiber. >> the b-1 bomber is made out of carbon fiber. except for the american air force, i've purchased the most carbon fiber of anybody ever. >> on board, the boat is no less spectacular... >> there you go. you're aboard. >> ...or over the top. on a scale of 1 to 10, it's a 12. you know, i'd never had the sense of how long the boat is until now. >> it's your typical football-field-sized yacht, you know? >> [ laughs ] inside, there were two 1,800-horsepower engines, 11,000 square feet of living space, and his crew of 20 includes a gourmet chef and a team of stewards and stewardesses. >> keep that sugar away from me. so, here's the wheelhouse. >> the wheelhouse. >> come on in. >> the wheelhouse, or captain's bridge, is command central for the boat's technological wizardry. >> this is my invention. this is my baby, and i'm gonna teach you how to sail this boat. >> yeah, right. perkins designed the software himself for the computers t
link as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll e-mail your receipt in a flash, too. it's just another way you'll be traveling at the speed of hertz. >>> good morning. welcome back to "squawk box." our top story this morning, a crisis in cyprus. a little island country. is it in the mediterranean? somewhere over there. sparking another round of euro fear these weekend. the eurozone to force bank depositors in that country to contribute towards a bailout. like a 10% off the top, you've got money in the bank -- >> over a hundred grand. >> and you're taking 10%. right. it's an unprecedented attack on cyprus. it will see small depositors attacked with a lower rate, but greater holdings. it all wreaks of
including one for a technology firm going public today. we'll talk to the model n. also samsung is launching a new product today and it's not a smartphone. we'll talk exclusively with samsung electronics america president tim baxter about what his company is unveiling and taking another look at the futures. it looks like it will be a strong open out of the gates today. the dow with an implied open plus 70 with the nasdaq following suit. more "squawk on the street" live at post 9 on the nyse when we come back. >>> it's wall street firm is jumping on the best buy bandwagon. credit suisse overweight with a $30 price target and the firm calling best buy its best near-term idea expressing confidence in its management's ability to turn the company around. credit suisse is saying it is upbeat about the best buy earnings prospects. the stock is now up almost 90% so far this year. gary balter is the analyst. jim, who i know you know well. >> yes. >> i love the note this morning more than anything. >> i mean, he's quoting bob seeger saying i know it's late. i know you're weary. a lot of people have up
points. quest technology has been a leadership on the upside in 2013. s&p 500 looks like this. also a decline there, as you can see, down about nine points on the standard & poor's. >> here we go. let's talk about it in today's "closing bell" exchange. with us, kimberly faust, at the big board with us today. jim lacamp from ubs. eric marshall from hodges capital management, and our own rick santelli. kimberly, you get to start first. you're one of those who feel this market is destined to go higher from here. why? >> i do. i think you've got a combination of low interest rates, you have inflation under control, and you have a ton of money on the sidelines. so i think that combination is rocket fuel to the stock market. >> but what about right now, where we see the markets up 10% year-to-date, we see these worries about what's going on in europe. are there reasons to be that we might be able to get into this market at better levels and perhaps the correction happens before going much higher. >> i agree with that. i didn't say it was going to go straight up. this is going to be fraugh
's trip to the high-tech conference in israel where they're working on technology that is helping the paralyzed to walk again. >>> plus, a game changer for suburbia. phil lebeau is live in chicago. phil? >> sue, i had one, a lot of my friends had one, minivans. they used to be part of living in suburban america. those days are gone. what's replacing it? the wagon. that's coming up on "power lunch." [ male announcer ] every famous curve has an equally thrilling, lesser-known counterpart. conquer them with the exhilarating is 250. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. redesigned site has this new score planner tool with these cool sliders. this one lets us know what happens if someone checks our credit. oh. this one lets us know what happens if we pay off our loans. yeah. what's this one do? i dunno. ♪every rose has it's thorn ♪just like every night ♪has it's dawn score planner is free to everyone. free score applies with enrollment in freecreditscore.com bret michaels slider still in beta.
and housing starts. big crowd here, post 9. "squawk on the street" returns right after this. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> you're >> you're watching cnbc's "squawk on the street." we are watching the financial capital of the world where the opening bell is set to ring in 45 minutes and we are indicating to have an up day across the board on
.5%. here is a statement that i have got from ebay. however, we do leverage a few cloud technology including open stack so that we can architect or infrastructure. what is interest something a system integrator today released fuel which is a set of tools making it easier for people to move to the open source standard for the data center. prayers are getting lennox. a number of other players in servers. >> thank you very much. when goldman sachs talks, investors listen. a couple of big name stocks getting socked by downgrades. the dough down 108 points on the trading session so far. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future.
surprise, technology bearing the brunt of the losses at this early going because of those dismal results from oracle. in oracle's defense analysts point out that such a strong executer they've had one-off glitches. >> it's always come back. again, i want to point out that i think that there's a lot that's not great. it has been the tale of two economies. there's ken pal from general mills on last night. that's a terrific story. but then you come back and you say, well, look, some of these stocks have been up, up, up, up, that are in that group. there's a big goldman piece today about the industrials. they like a bunch of stocks that are again moved una lot. i don't want to be sanguine here. i think there is a lot of stuff that's not good. >> cisco got downgraded, stock is down 3% right now. overall tech issue -- >> goldman's been saying over an over cisco's been taking share from juniper. obviously there's saying there's no share to be taken. that business is just not that good. oracle -- remember being amy packet, they did that acquisition order to boost. i don't know, if cisco's not do
technology can do better. >> and what do you think about -- >> i think there's got to be more offense. >> go ahead, say it again. >> maria, i think there's got to be more offense. that the auto and housing story is still in tact. that the energy infrastructure story for the u.s. is very much in tact. dresser and trinity are two plays there, and those are stocks we've talked about throughout this year. and they're going to be the stocks we're talking about in december of this year still. >> maria, i agree you have to play -- >> go ahead. >> i agree that you want to be playing offense here, in the long-term. i mean, if you look at the trends in capital spending on the corporate sector, even though unemployment is still high, it has come down. hiring is occurring. and you are going to see -- you can't keep hiring people and not give them computers to work with. so i think that, eventually, capital spending is going to catch up with employment, and that's going to also be a driver. >> maria, you want to own your health care stocks, johnson and johnson, pfizer, abbott. and in that oil services in
trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. >>> today's thing that makes us go hmm is $80.3 million. that's the total sales of staples last year. apparently there's a staple boom with sales climbing 3% year over year. who knew? i've got my stapler here. i think i have about three on my table. and it continues to be swing lined, by the way, that's the brand, the company that's been around since 1925. this one here is by the way a swing line as well. in the meantime markets are down but definitely off their lows. we're continuing to watch what is happening in cyprus. thanks so much for watching "street signs." "closing bell" is coming up next. >>> hello and hi and welcome to "closing bell" for a monday. i'm bill griffeth here at the new york stock exchange where things started promising. but it's how you end that matters as we all know. >> it certa
's responsible for a great deal of the technology behind america's oil and gas renaissance. here's the bottom line, as we look back on the last eight years of "mad money" remember if you bought any one of these megawinners as a diversified portfolio eight years ago, you would have left the averages in the dust even if every other stock was a loser. don't be discouraged by the doubters. you can beat the market if you're willing to do the homework and find game-changers like the stocks i just mentioned. they can be spotted because as you know we spotted all but one for you. and we hope that you two have benefitted from one of these fabulous selections. don't move. we'll reveal the viewers choice for your favorite moment since the show began a little later on. first, check out our trip to one of america's most exciting energy finds in decades. >> the united states has a new frontier, the oil fields of north dakota. "mad money" has boots on the ground in the badlands to show you how homegrown innovation and technology have opened up one of our biggest oil discoveries. >> 11,000 people were going
probably won't surprise you. we'll be right back here on "worldwide exchange." zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. >>> welcome back to the program. the latest out of cyprus, the bank tax level is still under discussion and, in fact, the country is mulling a tax free threshold for that levy on smaller deposits. now we know that over the weekend, martin schultz said eld prefer to see depositors with less than 25,000 exempted. hugo dixon said his would be likely to see under 100,000. julia chatterly spoke exclusively to the cypriotic finance minister last weekend and asked them why they had gone back on their pledge depositors would not have to help foot the bill of a bailout. >> what we did accept is an exchange of relatively smaller part of somebody's deposit once and for all with shares in an institution. this is not a very agreeable outcome, for sure, but it compares well with much more
zap technology. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll e-mail your receipt in a flash, too. it's just another way you'll be traveling at the speed of hertz. has an equally thrilling, lesser-known counterpart. conquer them with the exhilarating is 250. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. ben bernanke is >>> ben bernanke is masterful. lots of people complained about him. i see there's nothing to complain about. he's doing the right thing. he doesn't want to repeat of 1937. i don't want one either. ial prous to >> good evening everyone and welcome in, this is "the kudlow report." obama arrives in israel to cement our relationship with our great allie and he and netanyahu must deal with series issues. president obama is said that the use of chemical weapon this is in syria would be a game-changer. quote unquote, now back here the markets get back to rally mode. but, did the fed-head ev
the latest from sydney when we come back. zap technology. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll e-mail your receipt in a flash, too. it's just another way you'll be traveling at the speed of hertz. >>> welcome back to the program. a contentious atmosphere where the our row group chair is speaking in moscow taking questions from at times a hostile crowd being pushed on to the response the european union has had thus far with regard to the cypress issue. by the way, criticism coming not just from the people at that gathering, but from fitch which is slamming the way the eu has handled this. and essentially in a press release talking about how it brings into focus the cost of policymakers muddling through approach to the eurozone crisis saying each sovereign and bank crisis is prompting an ad hoc response, exacerbating uncertainty and financial instability. they say there are no meeting implications for sovereigns. but with a statement like this, you can understand if markets tak
from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. >>> moscow has yet to react publicly to news that cyprus has secured a 10 billion euro bailout for lenders. russians are expected to take heavy losses as part of the planned levy on uninsured deposits over 100,000 euros. the question of russian involvement has drawn mixed reaction tr eurozone finance ministers in brussels. >> i understand that t
in innovation? it's the latest gadget to drive profits in your portfolio. breakthrough technology. tonight, cramer's kicking off a week-long series highlighting some of the most revolutionary companies that maybe heading higher. >>> plus, pour on the profits? infrastructure in the states has seen better days. could the wave of capital used to bring it up to speed help increase your cash flow? tonight, cramer sits down with the ceo of american water works just ahead. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jim cramer on twitter. have a question? tweet cramer. hash tag mad tweets. send jim and e-mail to mad money @cnbc.com or give us a call at 1-800-743-cnbc. miss something? s head to madmoney.cnbc.com. hea. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪
technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. [ticking] >> one of the threats from the great recession was the sudden surge in the number of abandoned houses. vacant homes have become so ruinous to some neighborhoods that one city, cleveland, decided i
fluffers? the inside story from yale's jeff sonnenfeld when we return. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. >>> we do have -- let's get that screen pop up there in front of us, it's coming slowly by surely. the dow would open up 76 points higher, nasdaq up 17 points and the s&p 500 up almost 10 points all as a result of this deal in cyprus, i would imagine. apple is buying slam to buy identification technology with a user is inside a building. apple's mapping software has been criticized for misguiding directions and incurrent landmarks. this apparently could help that. >>> attention corporate boards this morning, jeff sonnenfeld knows what you need. >> good morning. how are you? >> good morning. how are you? >> you have a new paper and we also have news of this dell transaction and now we have black stone and carl icahn running around. but the big issue is what does michael dell do? he could
. >>> in technology news, a computer haeshg has been sentenced to more that's three years in prison for stealing the personal data of about 120,000 ipad users. the man was convicted of i.d. theft and conspiracy. abc news anchor diane sawyer, rahm emanuel and harvey winestien. prosecutors argued that prison time will deter others from hacking people on the internet. the industry group telecom prevailed in arguing against cyber security recommendations. industry experts say that prescriptive measures would hamper innovation and expose companies to being sued if their networks get hacked. >>> another ceo is resigning and releasing a mea culpa. this is something. john bricatelio is stepping down march 30th. he had been on the job for more than six years. in a letter, he says the following. the decision to leave is, quote, really all about my accountability for the short comes in our financial results this year. currently looks like we will come in at the low end or absolutely below the financial guyance we issued to the street and we have fallen short of our internal operating plan we set one year a
level, and i think increasingly the technology, becky, of these things, if i can call it that with the rise of special committees and the rise of separate legal advisers and a lot more scrutiny both in the press and so forth, increasingly, these processes are getting more modern and more appropriate. i don't buy the idea that any management buy out by its nature is unfair. i don't buy that. >> the reason we asked you about this and the reason you can't talk specifically about dell is because today is the last day. it can be fair and that's an interesting argument. let's get both of your decisions about what you think about cyprus. what do you think? >> on monday we'll see some additional drama. i think things are not developing smoothly over the weekend, but we will move beyond that and this situation in cyprus will be resolved. this is not going to be damaging to the eurozone. that recovery process is in gear and moving forward. >> roger? >> i largely agree. i don't think it will have medium term or long-term large effect. >> john, you wouldn't worry about positioning
as caterpillar also heading higher. united technologies hitting a historic high today. laggar laggards, boeing as well as banks like citigroup and jpmorgan. in the s&p 500, leaders today include jc penney where analysts at isi say the retailer could transform top locations into a reit like entity. other names in the green, best buy as well as consol energy. laggards, helmeritch & paine. and finally. in the nasdaq. intuitive surgical. analysts saying upside potential outweighs downside risk over the next month months. back to you. >> thanks, josh. >>> we're heading toward the close. about 50 minutes left here. let's see if the markets will turn positive and finish that way for the day. right now the dow is down 23 points zblrjts coming up, we talk with former treasury secretary larry summers. he'll tell us what's worrying him about the bailout in cyprus. >>> the dogs of the dow strategy worked again, so far. last year's worst performer is its best now. hewlett-packard helping the dow weather the storm from europe. get this. the once beleaguered stock is this year's best performer. up 60% just t
health care, industrials, and technology. there we just think we have more reasonable prices, better capital deployment, a better estimate achievability. >> quickly, your favorite sector? >> sectors are technology, industrials, energy, from a thematic basis, discipline value and dividend growth. not yield, but dividend growth. >> great to see you. brian, adam, thank you. thanks for your thoughts today. we're coming back with the closing countdown. stick around. we'll find out whether the dow and s&p can remain positive or whether we have this three-day sell-off. >> then the ceo of software maker adobe systems will be with me breaking down his company's earnings, before he speaks to analysts. you're watching the "closing bell" on cnbc, first in business worldwide. investor. yeah, i'm a serious investor but i'm a busy guy. it used to be easier but now there are more choices than ever. i want to know exactly what i am investing in. i want to know exactly how much i'm paying. i want to use the same stuff the big guys use. find out why nine out of ten large professional investors choose i
technology has created in lots of industries, you would expect financial services to be somewhat bigger. so i don't really know the answer to that question. i think that my predecessor, paul volcker's claim, that the only contribution to the financial industry is the automatic teller machine, might be a little exaggerated. i know that some people have that view. but, again, i don't know the answer. i think a somewhat bigger financial sector can be justified by the wider range of services and the more globalized financial and economic system that we have, but the exact number, i can't really say. >> hi, i'm jeremy. i have a follow-up question on cyprus. as a central banker, do you think it was either appropriate or fair to impose a levy on every bank deposit in cyprus, even those insured by the european union itself? thank you. >> well, i've not been involved in those conversations and i don't necessarily know of the details. so i know they're grappling with a very difficult problem. i think the issue they face is, that there's a pretty big hole, a financial hole in the sense that there is a f
, like technology, coverage of, you know, treatments, etc. >> and how the marketplace is structured, as well. >> that too. >> this argument all the time about the best way to do this. is the best way to have the state sort of decide how to allocate health care services and then you sort of put that on the individual? or should the individual be directly responsible for his own health and he actually has a stake in the game? and i always come back to that he should have a stake in the game of living healthy. you can't tell people to exercise. you can't tell people to stop drinking big gulps. >> we don't have any preconceived ideas on that. different things work in different situations. >> if you owe the money yourself for all the procedures -- and you have a way of -- if your own health is your own responsibility, aren't you going to take it more seriously? >> there's economic of scale of scope, and that changes. >> that's where the argument comes in. i don't know. >> and at the end of the day, they don't get turned away, you can't say, oh, well, you're sick, but it's your fault. >>
or is there differentiation inspect. >> no, i wouldn't buy everything. i think technology represents a tremendous value. i think regional banks are still very good investment at this point in time. and i love domestic energy. natural gas, marcellus shale, anything coming out of the ground in the u.s. is going to have a dominant position in the next economic move. so i think it's a great place to begin to invest. >> and i just wonder as people get into these levels, and is i know there is a debate that's been playing out in markets. but we've had such a run up. even aus mentioned from the regional banks, banks have completely rerated even to where we were a year ago. do you just continue to stick with the winners, though, or is there a sense for looking for better value? >> i definitely think you look for value but you pick your spots carefully. there are some stocks that haven't participated in the regional banking area, particularly on the lower end of the cap ranges. those can be bought selectively. some of the marcellus shares are doing extremely well, but can be bought at a reasonable price. some of t
technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. >>> >>> now the tiny island of cyprus' finance minister is appealing to russia for help. fresh off talks this morning, negotiations were constructive but no deal has been struck for a loan or further aid at this time. steve sedgwick spoke with the finance minister after that meeting. here's what he had to say. >> a very good first meeting. very constructive. very honest discussion. we underscored how difficult the situation is and we'll now continue our discussions to find a solution by which we will get -- we hope we'll get some support from russia. >> in terms of that support, are we talking about a change of terms for the current existing 2.5 billion euro loan and an extension of 5 billion loan in addition to that? >> we are talking about things beyond that. >> in what way would this be beyond that? >> we don't know yet. we don't know yet. we don't have any d
companies? >> 80% smaller companies, 2,000 technology companies. >> then you need to go back because small business hates this. small business is now going to have to pay taxes when they go overs transom from state to state. they're going to have to set up whole departments which they cannot afford in order to do the record keeping. >> that's not true. >> redstate.com, eric eriksson has done some great research on this. >> mom and pop retailers want to see this because they can't compete with internet retailers that have an unfair 5% to 10% advantage and they're not paying tax they don't have the cost of the brick and mortar and hiring local employees. if we want to see empty malls -- >> why do they want to be tax collectors? >> because those internet retailers are using the roads and the traffic and the firemen and policemen and getting protection -- >> that's a big government argument. i'll give you the last word, grover. >> larry, i served on a commission that looked at this more than ten years ago and we voted overwhelmingly not to tax the internet because the so-called fairness argume
exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ all stations come over to mithis is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >>> welcome back to
technology are underperforming. take a look at the nasdaq. we're down 30 points on the day. a lot of focus on apple. that stock down more than 1%. today, one year back, apple announced its first dividend in 17 years. within tech, apple was the largest dividend payer in 2012. keep in mind the ratio with the earnings that it pays -- how much of the earnings it spent on its dividend is lower than the average of these foreign names, intel, ibm, cisco. back to you. >> let's go to josh lipton. >> sue, some headlines we want to bring you up to speed on. welsh holding has joined the bid to advise on a potential deal. that's why kkr and they have teamed up for a joint deal. roche is continuing its interest in gene sequencing. sue, back to you. >> thank you very much, josh. to the bond market now where all of the worries about europe and cyprus fell a little bit. rick santelli is here with the details. hi, rick. >> hello. you can see we're under 190. we haven't closed under 190 in two weeks. we're down seven basis points on the day. let's go to europe, the backyard so to speak. if you open that char
with technology. housing, to your point, brian, if this is a sector that we're watching 4% across the board. >> last week i was in las vegas. >> great interview with frank play. >> he's cut a million dollars per store. >> that's incredible. >> per store. on average. the sales of service? >> my home depot. i'm not kidding. i love going to my home depot. >> think about that, a million in cost per store on average, per store, and i asked him are you as lean as you can be? he said there's always room for operating efficiencies and they were in vegas and they were smiling and they were happy and home depot had their biggest quarterly spread on comparable same-store sales against lowe's. >> that's the biggest amount since the -- isn't it how weird they held it? >> by the way, excellent stuff about how the big black -- one-day friday is coming. that was just -- i like that. >> meaning they're about to come into the strongest period and that stock's going get hammered and -- >> and my charitable trust owns that. >> he'll kill me, but jim won the miracle gro. if you're growing marijuana legally it d
hour. in other technology news, hewlett packard shareholders have re-elected the company's board. the chairman, ray lane and three others narrowly kept their seats. they had been criticized for their roles in the batched $ 1 billion acquisition. but, again, the board was re-elected. >>> boeing plans to conduct two flight tests of its revamped 787 battery system as soon as the end of this week. the plane has been grounded since january and, joe, i'll send it over to you for more news. >> i he like that with oracle. think if you were one of the salespeople. >> there are thousands of new people that have been coming on board. they worked getting things as quickly as the third quarter. it was interesting what the cfo said that this is a situation where they don't know to make sure that they close those deals by the end of the quarter. >> yeah. slackers or something. you know salesmen. the world resolves around salespeople. they say it's not even plaque row. usually that's wa we'll say. >> it was said there was a sense of urgency that was lacking. >> yikes. i'd hate to be one of those
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